First Merchants Corp.

Name: FIRST MERCHANTS CORP 13F holdings, Q2 2026
Creator: FIRST MERCHANTS CORP
Published: 2026-07-15

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 15, 2026), First Merchants Corp. reported 358 stock positions worth $2.8 billion. Its top holding was FMPW Inst Money at 6.2% of the portfolio, followed by Vanguard 500 Index-Adm (VFIAX, 5.1%) and Federated SHRT-Intrm TTL-R6 (SRBRX, 3.5%). Compared with Q1 2026, it opened 15 new positions, sold out of 13, added to 74 and reduced 167. The biggest buy was Eli Lilly (LLY, shares +0%) and the biggest sale FMPW Inst Money (shares −3%).

Most Recent 13F: Q2 2026
Location: Muncie, IN
CIK: 0000712534
Portfolio Value: $2.8B (Q2 2026)
SEC Filing: 0000712534-26-000053 ↗ filed Jul 15, 2026

Holdings Value

Holdings 358 stocks · $2.8B


FMPW INST MONEY	6.21%	176,320,761	$176.3M	Reduce -2.7%
VFIAX Vanguard 500 Index-Adm	5.05%	207,295	$143.4M	Reduce -2.4%
SRBRX Federated SHRT-Intrm TTL-R6 filed as FED SH INTRM TTL BD	3.53%	9,932,066	$100.2M	Add +2.9%
FTRLX Fed Herm TTL RTRN BND-R6 filed as FED TTL RET BD CL R6	3.33%	9,998,596	$94.4M	Reduce -1.1%
VIMAX VNGD Mrngst MD-CP Idx FD-Adm	2.43%	172,525	$68.9M	Reduce -2.5%
BSV Vanguard Short-Term Bond ETF	2.39%	871,815	$67.9M	Reduce -1.3%
GOOGL Alphabet Inc. Class A	2.26%	179,199	$64.0M	Reduce -1.6%
LLY Eli Lilly & Co.	2.13%	50,428	$60.5M	Add +0.5%
AAPL Apple Inc.	2.01%	196,715	$56.9M	Reduce -2.2%
SFNNX Schwab Fndmnl Intl LRG Comp	1.98%	3,456,822	$56.2M	Reduce -0.0%
AVGO Broadcom Inc.	1.76%	132,080	$49.9M	Reduce -4.3%
LRCX Lam Research Corp.	1.56%	102,322	$44.3M	Reduce -1.4%
VOO Vanguard S&P 500 ETF	1.52%	62,651	$43.0M	Add +2.7%
IYW iShares Ustechnology ETF	1.44%	161,871	$40.8M	Reduce -2.4%
FCNTX Fidelity Contrafund	1.42%	1,506,313	$40.4M	Reduce -0.5%
VEIRX Vanguard Equity Income-Adm	1.42%	404,317	$40.2M	Add +0.3%
VGT Vanguard Info Tech ETF	1.40%	331,585	$39.6M	Add +5.6%
MSFT Microsoft Corp.	1.35%	102,598	$38.3M	Add +2.0%
NUSFX Northern Ultra-SHRT Fix Inc. filed as NORTH ULT-SH FIX INC	1.25%	3,436,981	$35.4M	Add +4.7%
IVW iShares S&P 500 Growth ETF	1.24%	256,893	$35.3M	Add +0.5%
APH Amphenol Corp. Class A	1.16%	186,124	$32.8M	Reduce -2.2%
NVDA Nvidia Corp.	1.15%	162,711	$32.6M	Reduce -4.1%
AMZN Amazon.com Inc.	1.13%	135,019	$32.2M	Reduce -0.7%
IJR iShares Core S&P Small-Cap E	1.07%	205,687	$30.5M	Reduce -3.2%
AGG iShares Core U.S. Aggregate	1.07%	305,537	$30.2M	Reduce -3.8%
JMGRX Janus Hndrsn Enterprise-I filed as JANUS ENTERPRISE	1.06%	193,093	$30.2M	Add +0.3%
JPM JPMorgan Chase & Co.	1.00%	86,914	$28.4M	Add +9.9%
VBIRX Vanguard S/T BND Indx-Adm	0.99%	2,752,018	$28.0M	Reduce -8.7%
PZIEX Pzena Emerg MKTS Val-Inst	0.98%	1,694,299	$27.9M	Add +7.6%
VWILX Vanguard Intl Growth-Adm	0.98%	230,179	$27.8M	Add +4.5%
VSMAX Vangrd Mrgstr SML CP Idx-Adm filed as VANGUARD SMALL CAP INDEX ADMIRAL SHARES	0.94%	183,136	$26.6M	Reduce -3.7%
MVCKX MFS Mid Cap Value Fund-R5	0.93%	750,930	$26.5M	Add +1.4%
AVUV Avantis US Small Cap Value	0.87%	197,882	$24.7M	Add +5.0%
V Visa Inc. Class A	0.84%	69,102	$23.7M	Add +12.4%
FRME First Merchants Corp.	0.80%	521,994	$22.8M	Reduce -0.6%
BIV Vanguard Intermediate-Term B	0.79%	291,886	$22.4M	Reduce -2.8%
VWIUX Vanguard I/T Tax Exmpt-Adm	0.78%	1,612,598	$22.3M	Add +19.3%
MFAIX Msif International Adv-I filed as MORGAN STANLEY INTL	0.73%	730,548	$20.8M	Add +5.2%
IVE iShares S&P 500 Value ETF	0.71%	89,149	$20.2M	Add +2.9%
SYK Stryker Corp.	0.68%	61,244	$19.3M	Add +11.8%
IEFA iShares Core MSCI Eafe ETF	0.66%	194,223	$18.8M	Add +3.6%
WCMEX WCM Focus Emrg MRKT-Inst	0.63%	724,280	$17.9M	Add +2.5%
VIGAX VNGD Mrngst Grwth Idx FD-Adm	0.62%	66,054	$17.6M	Reduce -5.6%
WCMIX WCM Focused Intl Growth-Inst	0.62%	610,123	$17.6M	Reduce -2.5%
WMT Walmart Inc.	0.59%	147,461	$16.7M	Reduce -15.2%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.55%	102,602	$15.5M	Add +0.1%
VBTLX Vanguard TTL BD MKT Idx-Adm	0.54%	1,591,509	$15.4M	Reduce -6.6%
FTNT Fortinet Inc.	0.53%	97,710	$15.0M	Reduce -1.6%
ABBV Abbvie Inc.	0.52%	59,133	$14.9M	Add +5.5%
CB Chubb Ltd.	0.49%	40,984	$14.0M	Reduce -2.0%
IJK iShares S&P Mid-Cap 400 Grow	0.49%	118,600	$13.9M	Reduce -1.9%
LOW Lowe's Cos Inc.	0.48%	61,948	$13.7M	Reduce -1.3%
IJJ iShares S&P Mid-Cap 400 Valu	0.48%	91,589	$13.5M	Reduce -1.9%
COST Costco Wholesale Corp.	0.47%	14,203	$13.3M	Reduce -15.1%
XLK SS Technology Select Sector	0.46%	68,432	$13.0M	Add +0.5%
VMLUX Vanguard Ltd. TRM T/E-Adm	0.45%	1,167,075	$12.8M	Add +41.6%
SPY SS SPDR S&P 500 ETF Trust-US	0.45%	17,007	$12.7M	Reduce -8.0%
JNJ Johnson & Johnson	0.44%	49,522	$12.6M	Reduce -23.9%
DODIX Dodge & Cox Income-I	0.44%	985,294	$12.5M	Reduce -14.1%
META Meta Platforms Inc. Class A	0.44%	21,992	$12.4M	Reduce -0.9%
VFSUX Vanguard S/T Invest GRD-Adm	0.42%	1,156,137	$12.0M	Reduce -9.8%
GSY Invesco Ultra Short Duration	0.41%	231,733	$11.6M	Reduce -4.9%
SCHW Schwab (charles) Corp.	0.41%	124,909	$11.5M	Add +1.4%
CAT Caterpillar Inc.	0.39%	10,324	$11.0M	Add +3.0%
VVIAX VNGD Mrgstr Value Idx FD-Adm filed as VANGUARD VALUE INDEX ADM	0.38%	128,381	$10.9M	Reduce -7.0%
PG The Procter & Gamble Co.	0.38%	74,084	$10.9M	Add +0.7%
BLK BlackRock Inc.	0.38%	11,162	$10.7M	Reduce -1.9%
FRANKLIN ELECTRIC	0.38%	100,000	$10.7M	No change
CMI Cummins Inc.	0.37%	14,657	$10.5M	Add +8.9%
VONV Vanguard Russell 1000 Value	0.36%	97,100	$10.3M	No change
SGOV iShares 0-3 Month Treasury B	0.36%	102,484	$10.3M	No change
TXN Texas Instruments Inc.	0.36%	34,381	$10.2M	Reduce -3.1%
GRANT COUNTY STATE	0.36%	8,340	$10.2M	No change
AME Ametek Inc.	0.36%	41,958	$10.2M	Reduce -1.0%
IWP iShares Russell Mid-Cap Grow	0.35%	68,631	$10.0M	Add +3.2%
MDY State Street SPDR S&P Midcap	0.35%	14,160	$10.0M	Reduce -8.7%
LIN Linde PLC	0.35%	19,159	$9.9M	Reduce -6.8%
ORLY O'reilly Automotive Inc.	0.35%	107,396	$9.9M	Reduce -1.6%
TSM Taiwan Semiconductor-SP ADR	0.34%	19,981	$9.5M	Reduce -0.5%
XLV SS Health Care Select Sector	0.32%	57,124	$9.1M	Reduce -1.1%
IEMG iShares Core MSCI Emerging	0.31%	105,622	$8.7M	Add +4.2%
NOMIX Northern Mid Cap Index	0.30%	348,141	$8.5M	Reduce -4.7%
HD Home Depot Inc.	0.30%	23,754	$8.4M	Reduce -1.5%
SPGI S&P Global Inc.	0.28%	19,391	$7.9M	Reduce -1.4%
VHYAX Vanguard Hi DVD YLD Indx-Adm	0.28%	163,933	$7.8M	Reduce -0.8%
IWR iShares Russell Mid-Cap ETF	0.26%	68,099	$7.5M	Reduce -0.7%
CSCO Cisco Systems Inc.	0.26%	63,695	$7.5M	Add +0.0%
XOM Exxon Mobil Corp.	0.26%	53,481	$7.3M	Reduce -1.5%
EOG EOG Resources Inc.	0.26%	56,343	$7.3M	Reduce -2.8%
RTX RTX Corp.	0.26%	38,495	$7.3M	Add +3.6%
BRK.B Berkshire Hathaway Inc. Class B	0.25%	14,398	$7.2M	Add +3.6%
MCD McDonald's Corp.	0.24%	25,673	$6.9M	Reduce -0.9%
PEP Pepsico Inc.	0.24%	50,424	$6.8M	Add +1.9%
VITAX Vanguard Inf Tech Idx-Adm	0.24%	13,773	$6.7M	Reduce -10.1%
PDGIX T Rowe PR Dividend Grow-I	0.24%	75,869	$6.7M	Reduce -6.4%
XLY SS Consumer Disc Select Sect	0.23%	55,746	$6.5M	Add +0.8%
BAESY Bae Systems PLC -Spon ADR	0.23%	66,726	$6.5M	Reduce -2.5%
SCHD Schwab US DVD Equity ETF	0.22%	199,885	$6.3M	Reduce -3.3%
DHR Danaher Corp.	0.22%	33,263	$6.3M	Reduce -3.7%
IWS iShares Russell Mid-Cap Valu	0.22%	37,494	$6.2M	Add +6.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd	0.22%	76,359	$6.2M	Add +0.7%
XLF SS Financial Select Sector	0.21%	113,750	$6.1M	Add +0.6%
CFR Cullen/Frost Bankers Inc.	0.21%	39,202	$6.1M	Add +1.1%
CVX Chevron Corp.	0.21%	35,179	$5.8M	Add +2.9%
ECL Ecolab Inc.	0.20%	20,742	$5.8M	Reduce -1.6%
XLP SS Consumer Staples Sel Sect	0.20%	69,497	$5.8M	Reduce -4.5%
BRO Brown & Brown Inc.	0.20%	88,371	$5.7M	Reduce -4.3%
VFIDX Vanguard I/T Invest GRD-Adm	0.20%	644,949	$5.6M	Reduce -0.6%
VB Vanguard Most SM-Cap ETF-Usd	0.20%	18,379	$5.6M	Add +3.4%
ETN Eaton Corp. PLC	0.19%	12,718	$5.4M	Add +541.7%
LHX L3HARRIS Technologies Inc.	0.19%	18,348	$5.3M	Add +1.3%
IJH iShares Core S&P Midcap ETF	0.18%	67,462	$5.2M	Reduce -13.4%
ACN Accenture PLC Class A	0.18%	41,691	$5.2M	Reduce -5.9%
XLRE SS Real Estate Select Sector	0.18%	115,020	$5.1M	Reduce -2.3%
COP Conocophillips	0.17%	46,922	$4.9M	Reduce -0.5%
NOW ServiceNow Inc.	0.17%	47,878	$4.8M	Reduce -4.5%
XLC SS Comm Select Sector SPDR	0.17%	44,182	$4.7M	Add +0.1%
SNPS Synopsys Inc.	0.17%	10,547	$4.7M	Reduce -3.1%
CEG Constellation Energy	0.16%	18,748	$4.7M	Add +2.2%
CDM ASSOC LLC	0.16%	40	$4.6M	No change
XLI SS Industrial Select Sector	0.16%	23,867	$4.4M	Add +0.2%
FPNIX Fpa New Income Fund-Inst	0.16%	444,123	$4.4M	Add +1.7%
XLB SS Materials Select Sector	0.15%	86,012	$4.4M	Reduce -11.4%
BALL Ball Corp.	0.15%	69,622	$4.3M	Reduce -2.2%
IWM iShares Russell 2000 ETF	0.15%	14,337	$4.3M	Reduce -5.1%
DODFX Dodge & Cox Intl STCK-I	0.14%	211,117	$3.9M	Reduce -0.1%
FGTXX Gldmn SCHS Fin SQ GV-FST filed as GS FIN SQ GOVT	0.14%	3,925,954	$3.9M	Reduce -52.3%
VWSUX Vangrd Ultra SH TM TX Ex-Adm filed as VANGUARD SH TX ADM	0.13%	239,941	$3.8M	Add +2.8%
CPRT Copart Inc.	0.13%	128,794	$3.6M	Reduce -3.5%
NEE Nextera Energy Inc.	0.13%	40,871	$3.6M	Reduce -56.1%
ABT Abbott Laboratories	0.13%	39,298	$3.6M	Reduce -2.7%
FUMBX Fidelty SHRT TRM TRSR BD filed as FIDELITY S/T TRS BD	0.12%	345,834	$3.5M	Add +15.8%
AMP Ameriprise Financial Inc.	0.12%	7,513	$3.4M	Reduce -2.7%
ADP Automatic Data Processing	0.12%	15,387	$3.4M	Reduce -13.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.12%	35,570	$3.4M	Reduce -7.3%
XLE SS Energy Select Sector	0.12%	63,142	$3.4M	Reduce -4.0%
PM Philip Morris International	0.12%	18,473	$3.3M	No change
VWNAX Vanguard Windsor II-Adm	0.11%	36,719	$3.2M	Reduce -7.9%
GOOG Alphabet Inc. Class C	0.11%	9,011	$3.2M	Reduce -1.6%
UNP Union Pacific Corp.	0.11%	11,687	$3.2M	Add +222.8%
VTMSX Vanguard Tax-MGD SM Cap-Adm filed as VANGD TX MNGD S/C	0.11%	26,158	$3.2M	Reduce -10.1%
INTC Intel Corp.	0.11%	22,624	$3.2M	Add +55.1%
NFLX Netflix Inc.	0.11%	44,091	$3.1M	Add +12.7%
VLCAX VNGD Mrngst LG-CP Idx FD-Adm	0.11%	18,077	$3.1M	Reduce -4.0%
QUICKSILVER ENT LLC	0.11%	100	$3.1M	No change
DFSVX Dfa US SM Cap Val Port-Inst	0.11%	51,251	$3.1M	Reduce -8.3%
AMGN Amgen Inc.	0.11%	8,521	$3.1M	Reduce -4.0%
FUAMX Fidelty Intrm Trsry BND Indx filed as FIDELITY INTRMD TRS	0.10%	286,189	$2.8M	Reduce -11.1%
EEM iShares MSCI Emerging Market	0.10%	39,683	$2.7M	Add +9.4%
CASY Casey's General Stores Inc.	0.09%	3,375	$2.7M	Reduce -3.0%
TBCIX T Rowe PR Blue Chip Grow-I	0.09%	12,515	$2.7M	Reduce -9.0%
BEAMAN FAMILY FARMS	0.09%	1	$2.7M	No change
VLO Valero Energy Corp.	0.09%	9,982	$2.6M	Add +7.4%
DFCEX Emerging Markets Core Equity filed as DFA EMERGING MARKETS CORE EQUITY 2 I	0.09%	73,801	$2.6M	Reduce -4.1%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.09%	56,845	$2.6M	Reduce -1.8%
VYM Vanguard High DVD Yield ETF	0.09%	15,582	$2.5M	Reduce -0.7%
IVV iShares Core S&P 500 ETF	0.09%	3,273	$2.5M	Reduce -0.9%
DE Deere & Co.	0.08%	3,707	$2.4M	Reduce -0.7%
IJS iShares S&P Small-Cap 600 Va	0.08%	17,086	$2.3M	Reduce -0.3%
BRK.A Berkshire Hathaway Inc. Class A	0.08%	3	$2.2M	No change
VTMGX Vanguard Dev MKT Indx-Adm	0.08%	96,077	$2.2M	Reduce -1.6%
IJT iShares S&P Small-Cap 600 GR	0.08%	12,317	$2.2M	Reduce -3.1%
VPMAX Vanguard Primecap Fund-Adm	0.08%	8,964	$2.2M	Add +9.3%
VSGDX VNGD SHT-TM Govt Sec Act-Adm filed as VANGUARD S/T FED A	0.07%	205,177	$2.1M	Reduce -8.0%
CTVA Corteva Inc.	0.07%	24,683	$2.1M	Add +0.1%
SAP Sap SE-Sponsored ADR	0.07%	13,519	$2.1M	Reduce -12.5%
SCHY Schwab International DVD ETF	0.07%	65,364	$2.1M	Reduce -5.7%
RSP Invesco S&P 500 Equal Weight	0.07%	9,515	$2.0M	Reduce -4.0%
SETTLEMENT AGREEMENT	0.07%	1,976,154	$2.0M	No change
VSIAX VNGD Mrgst SML-CP VL Idx-Adm	0.07%	18,271	$1.9M	Reduce -1.8%
VCDAX Vanguard Consum Disc Idx-Adm filed as VANGD CONS DISC IDX	0.07%	9,279	$1.9M	Reduce -8.0%
KO The Coca-Cola Co.	0.06%	22,440	$1.8M	Reduce -5.5%
HBAN Huntington Bancshares Inc.	0.06%	94,895	$1.7M	Reduce -0.8%
GLW Corning Inc.	0.06%	6,469	$1.7M	Add +1.5%
TQQQ Proshares Ultrapro QQQ	0.06%	20,000	$1.6M	No change
VBILX Vanguard Intrm BND Idx-Adm	0.06%	155,916	$1.6M	Reduce -6.7%
TWCUX American Century Ultra-Inv	0.06%	16,061	$1.6M	No change
VEXAX Vanguard Ext MKT Indx-Adm	0.06%	8,520	$1.6M	Add +7.5%
VTCAX Vanguard Comm Serv Indx-Adm	0.06%	16,888	$1.6M	Reduce -9.6%
PSX Phillips 66	0.05%	9,097	$1.5M	Reduce -3.8%
GTEYX Gateway Fund-Y	0.05%	28,616	$1.5M	No change
DFAC Dimensional US Core Equity 2	0.05%	34,177	$1.5M	No change
VFAIX Vanguard Financial Indx-Adm	0.05%	22,927	$1.5M	Reduce -8.1%
VGSLX Vanguard Real Est Indx-Adm	0.05%	11,056	$1.5M	Reduce -1.5%
VTIAX Vanguard TTL Int St Idx-Adm	0.05%	30,277	$1.4M	Add +17.8%
NUE Nucor Corp.	0.05%	6,200	$1.4M	Reduce -0.5%
VEA Vanguard Ftse Developed ETF	0.05%	19,299	$1.4M	Add +24.0%
VHCIX Vanguard Health Care Idx-Adm	0.05%	9,047	$1.4M	Reduce -7.6%
SRINX Columbia Sel Corp. Inc. Class I	0.05%	146,895	$1.3M	No change
EFA iShares MSCI Eafe ETF	0.05%	12,537	$1.3M	Reduce -9.4%
MLC PROPERTIES LLC	0.04%	1	$1.2M	No change
LNT Alliant Energy Corp.	0.04%	16,112	$1.2M	Reduce -1.3%
VNQ Vanguard Real Estate ETF	0.04%	12,727	$1.2M	Add +4.3%
ORCL Oracle Corp.	0.04%	8,022	$1.2M	Reduce -5.1%
SETTLEMENT AGREEMENT	0.04%	1,148,000	$1.1M	No change
LT	0.04%	48	$1.1M	No change
BLACKBIRD FARMS	0.04%	48	$1.1M	No change
CWB SS SPDR BB Conv Sec ETF	0.04%	9,659	$1.0M	No change
AMLP Alerian MLP ETF	0.04%	19,932	$1.0M	Reduce -5.0%
VCADX Vanguard Ca Int TRM T/F-Adm	0.04%	85,906	$993K	No change
PANW Palo Alto Networks Inc.	0.03%	2,900	$989K	Reduce -8.3%
AWK American Water Works Co. Inc.	0.03%	7,391	$973K	Reduce -19.6%
VFTAX Vanguard Ftse Soc Indx-Adm filed as VANGRD FTSE SOC IDX	0.03%	13,408	$956K	Reduce -0.5%
VINAX Vanguard Industrials Idx-Adm	0.03%	5,121	$949K	Reduce -7.9%
QQQ Invesco QQQ Trust Series 1	0.03%	1,266	$932K	Reduce -1.9%
MO Altria Group Inc.	0.03%	12,800	$921K	No change
VINIX Vanguard Inst Index-Inst	0.03%	1,510	$906K	No change
CNI Canadian Natl Railway Co.	0.03%	7,437	$887K	Add +63.9%
MA Mastercard Inc. Class A	0.03%	1,621	$833K	Reduce -16.3%
PRBLX Parnassus Core Equity-Inv	0.03%	13,430	$823K	No change
FEUPX Eupac Fund-F-3 filed as AMER EUROPACIFIC GRW	0.03%	12,889	$823K	Reduce -0.2%
SCHP Schwab U.S. Tips ETF	0.03%	30,432	$806K	No change
OMC Omnicom Group	0.03%	10,742	$782K	Reduce -6.1%
NSRIX Northrn WRLD Select Indx-I filed as NORTHERN GLOBAL SUST	0.03%	26,866	$767K	No change
FDGRX Fidelity Growth Company-RTL	0.03%	12,712	$750K	No change
COR Cencora Inc.	0.03%	2,650	$750K	Add +35.9%
MRK Merck & Co. Inc.	0.03%	5,770	$741K	No change
ELV Elevance Health Inc.	0.03%	1,914	$740K	No change
LMT Lockheed Martin Corp.	0.03%	1,417	$722K	Reduce -10.2%
FMSTX Federated Herm MDT L/C Va-Is filed as FED MDT L/C VAL	0.02%	17,237	$680K	No change
VTSAX VNGD Mrngst TS MK Idx FD-Adm filed as VANGUARD TOTAL STOCK MKT IDX ADM	0.02%	3,773	$680K	Reduce -6.7%
EMR Emerson Electric Co.	0.02%	4,634	$663K	Add +27.5%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC	0.02%	4,814	$663K	No change
MEIIX MFS Value Fund-I	0.02%	12,393	$662K	Reduce -0.0%
MIDLX MFS Intl New Discovery-R6	0.02%	18,002	$645K	Reduce -6.4%
F Ford Motor Co. filed as FORD MTR CO	0.02%	45,724	$636K	Reduce -7.5%
VZ Verizon Communications Inc.	0.02%	15,010	$636K	Add +9.8%
MS Morgan Stanley	0.02%	3,040	$635K	No change
TROSX T Rowe PR Overseas Stock-Inv	0.02%	35,486	$633K	Add +0.0%
MCHP Microchip Technology Inc.	0.02%	6,937	$633K	Reduce -0.7%
TSLA Tesla Inc.	0.02%	1,490	$627K	No change
OTCKX MFS Mid Cap Growth Fund-R6	0.02%	20,273	$623K	No change
VCSAX Vanguard Con Staples Idx-Adm filed as VANG CONS STAP IDX	0.02%	5,591	$622K	Reduce -8.3%
MFEIX MFS Growth Fund-I	0.02%	3,020	$618K	No change
RPTIX T Rowe PR Mid Cap Grow-I	0.02%	5,928	$607K	Reduce -1.2%
MTUM iShares MSCI USA Momentum Fa	0.02%	1,745	$598K	No change
VXF Vanguard Extended Market ETF	0.02%	2,428	$598K	Reduce -1.7%
AFL Aflac Inc.	0.02%	5,083	$596K	No change
VTEB Vanguard Tax-Exempt Bond ETF	0.02%	11,750	$594K	Reduce -28.8%
FNWFX Amer FNDS New World-F3	0.02%	5,271	$573K	Reduce -6.1%
GS Goldman Sachs Group Inc.	0.02%	564	$570K	No change
LZB La-Z-Boy Inc.	0.02%	14,162	$568K	No change
AMD Advanced Micro Devices	0.02%	973	$565K	New
SYY Sysco Corp.	0.02%	6,750	$564K	Add +0.1%
AUNT DIANA FUDGE	0.02%	900	$563K	No change
UNH Unitedhealth Group Inc.	0.02%	1,342	$558K	Reduce -1.8%
GGG Graco Inc.	0.02%	7,281	$551K	No change
FMAGX Fidelity Magellan Fund	0.02%	34,512	$544K	Reduce -23.4%
SFLNX Schwab Fndmntl US LRG Comp	0.02%	14,627	$540K	Reduce -40.6%
MZTI The Marzetti Company	0.02%	4,700	$537K	No change
PH Parker Hannifin Corp.	0.02%	540	$528K	No change
VBIAX Vanguard Balanced Index-Adm	0.02%	9,715	$528K	Add +8.2%
VSGAX VNGD Mrgst SC GRW Idx FD-Adm filed as VANGUARD SMALL CAP GROWTH INDEX ADMIRAL	0.02%	4,097	$527K	Reduce -42.6%
PXNIX Impax Intl Sustain Econ-Inst	0.02%	38,870	$517K	No change
BRCYX Invesco Bal RSK Comm STR-Y	0.02%	64,465	$517K	No change
NOC Northrop Grumman Corp.	0.02%	1,010	$514K	No change
IWF iShares Russell 1000 Growth	0.02%	4,103	$509K	Reduce -23.6%
CVS CVS Health Corp.	0.02%	4,909	$508K	Add +68.8%
MLPTX Invesco Stlpt MLP Sel 40-Y	0.02%	43,140	$508K	No change
CAH Cardinal Health Inc.	0.02%	2,132	$506K	No change
VTI VG Morningstar TS MKT ETF-US	0.02%	1,357	$502K	Add +9.7%
LINCOLN NATL LIFE	0.02%	1	$493K	No change
GVI iShares Intermediate Governm	0.02%	4,618	$490K	Reduce -80.7%
VCMDX Vanguard Commodity Strat-Adm	0.02%	16,636	$480K	No change
BMO Bank of Montreal filed as BANK MONTREAL MEDIUM	0.02%	2,716	$480K	No change
ROP Roper Technologies Inc.	0.02%	1,343	$454K	Reduce -1.3%
DUK Duke Energy Corp.	0.02%	3,559	$450K	Reduce -13.8%
VEU Vanguard Ftse All-World Ex-U	0.02%	5,164	$432K	Add +4.2%
GSPKX Gldmn SCH US Eq DVD & PR-Ins	0.01%	21,285	$425K	Reduce -4.6%
IDV iShares International Select	0.01%	10,080	$418K	No change
KMI Kinder Morgan Inc.	0.01%	12,994	$415K	Reduce -0.7%
EXR Extra Space Storage Inc.	0.01%	2,818	$409K	No change
CMCSA Comcast Corp. Class A	0.01%	16,666	$409K	Reduce -33.5%
NSC Norfolk Southern Corp.	0.01%	1,293	$407K	No change
VENAX Vanguard Energy Index-Adm	0.01%	5,382	$404K	Reduce -5.2%
IYF iShares US Financials ETF	0.01%	3,165	$404K	No change
ROGERS MARKETS INC	0.01%	1,743	$401K	No change
PFE Pfizer Inc.	0.01%	16,517	$398K	Reduce -2.4%
STLD Steel Dynamics Inc.	0.01%	1,675	$384K	No change
VEMAX Vanguard Em MKT STK Ind-Adm	0.01%	7,708	$382K	Reduce -12.8%
CME Cme Group Inc.	0.01%	1,706	$377K	No change
GLD SPDR Gold Shares	0.01%	988	$364K	Reduce -4.2%
MRVL Marvell Technology Inc.	0.01%	1,200	$357K	New
IBB iShares Biotechnology ETF	0.01%	1,810	$344K	Reduce -1.5%
CL Colgate-Palmolive Co.	0.01%	3,750	$344K	Add +4.2%
VCIT Vanguard Int-Term Corporate	0.01%	4,075	$337K	Reduce -6.9%
OEF iShares S&P 100 ETF	0.01%	915	$335K	No change
BDX Becton Dickinson and Co.	0.01%	2,202	$333K	Reduce -15.0%
APDYX Artisan Developing World-Adv	0.01%	14,608	$331K	Reduce -24.9%
EPD Enterprise Products Partners	0.01%	8,924	$328K	No change
AMAT Applied Materials Inc.	0.01%	441	$319K	New
VTRS Viatris Inc.	0.01%	20,000	$318K	No change
COMMUNITY FINANCIAL CORP	0.01%	2,000	$316K	No change
TMO Thermo Fisher Scientific Inc.	0.01%	625	$313K	Reduce -3.5%
INBK First Internet Bancorp	0.01%	11,172	$311K	No change
JPC Nuveen Prefered & Income Opp	0.01%	39,283	$310K	No change
TWLO Twilio Inc. Class A	0.01%	1,500	$309K	New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.01%	1,089	$306K	Add +1.2%
MPC Marathon Petroleum Corp.	0.01%	1,175	$300K	Reduce -31.0%
VWUSX Vanguard US Growth Fund-Inv	0.01%	3,845	$295K	No change
L RYAN PN DTD 12-1-25 6.5 $310	0.01%	310,880	$292K	No change
KLAC KLA Corp.	0.01%	960	$290K	New
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.01%	839	$289K	Reduce -4.3%
12.565 OWNER INT	0.01%	2	$283K	No change
BX Blackstone Inc.	0.01%	2,400	$282K	No change
COFYX Columbia Contrarian Core-I3	0.01%	6,476	$281K	Reduce -8.7%
IYH iShares U.S. Healthcare ETF	0.01%	4,169	$279K	No change
NSRGY Nestle SA-Spons ADR	0.01%	2,700	$278K	New
IWO iShares Russell 2000 Growth	0.01%	700	$276K	No change
TFC Truist Financial Corp.	0.01%	5,500	$274K	No change
PRVIX T Rowe PR SM Cap Val-I filed as TROWE S/C VALUE	0.01%	4,325	$272K	No change
ITW Illinois Tool Works	0.01%	1,000	$270K	No change
WM Waste Management Inc.	0.01%	1,199	$267K	No change
RSG Republic Services Inc.	0.01%	1,250	$266K	Reduce -7.6%
SLB SLB Ltd. filed as SLB LIMITED	0.01%	5,721	$266K	Reduce -33.5%
VUIAX Vanguard Utilities Index-Adm	0.01%	2,697	$265K	Reduce -8.9%
GE General Electric filed as GE AEROSPACE	0.01%	708	$265K	Reduce -4.2%
HUBB Hubbell Inc.	0.01%	500	$262K	No change
DVY iShares Select Dividend ETF	0.01%	1,632	$255K	No change
VWO Vanguard Ftse Emerging Marke	0.01%	4,164	$249K	Reduce -4.5%
ADBE Adobe Inc.	0.01%	1,212	$248K	Reduce -22.0%
MMHIX Nylim Mackay H/Y Muni-I filed as MAINSTAY HY MUNI I	0.01%	20,037	$240K	No change
PWR Quanta Services Inc.	0.01%	324	$233K	New
ITOT iShares Core S&P Total U.S.	0.01%	1,389	$228K	New
KEY Keycorp	0.01%	9,894	$228K	New
LUBAX Lord Abbtt Ultr SHRT BND-A	0.01%	22,044	$221K	New
LKFN Lakeland Financial Corp.	0.01%	3,500	$216K	No change
VGIAX Vanguard Growth & Income-Adm	0.01%	1,763	$211K	New
FMHTX Fidelity Mi Muni Inc.	0.01%	17,917	$210K	No change
GEV GE Vernova Inc.	0.01%	176	$207K	New
IYJ iShares U.S. Industrials ETF	0.01%	1,234	$206K	New
HCA HCA Healthcare Inc.	0.01%	525	$205K	No change
GOTXX Fed Her Gov Oblig Tax-MN-Ins filed as FED GOVT TAX MAN P	0.01%	204,307	$204K	Reduce -6.0%
WELL Welltower Inc.	0.01%	900	$204K	New
CYVF Crystal Valley Financial CP	0.01%	2,600	$203K	No change
USB US Bancorp	0.01%	3,327	$201K	New
VFIJX Vanguard Gnma Fund-Adm	0.01%	20,924	$197K	No change
XEVVX Eaton Vance Ltd. Durat Inc.	0.01%	21,000	$197K	No change
NVG Nuveen Amt-FR Muni CRDT	0.01%	12,880	$165K	No change
PIMIX PIMCO Income Fund-Ins	0.01%	14,698	$160K	No change
VWEHX Vanguard Hi YLD Corp.-Inv	0.01%	27,539	$151K	No change
USMEX Columbia U/S Dur Muni-I	0.01%	14,972	$150K	No change
RICHARD G HALSTEAD 4.77 DUE 12	0.00%	86,509	$87K	Reduce -1.8%
KAUFX Federated Herm Kaufmann-R	0.00%	10,902	$70K	No change
PERSIMMONS INC	0.00%	29,664	$50K	No change
ABI FMB CL 3543986	0.00%	6,000,000	$5	No change
ABI FMB LOC #5471834	0.00%	405,000	$2	No change
ABI FM CL 1228820100	0.00%	1,000,000	$1	No change
ASSIGN. OF BEN. INT.	0.00%	100,000	$1	No change
LOC #3243385	0.00%	3,750,000	$1	No change
DEL LIFE REGATTA	0.00%	350,810	$1	No change
ABI FMB LN #5463327	0.00%	39,254	$1	No change
FMB LOC 5478936	0.00%	500,000	$1	No change
ABI FMB LOC 5831458	0.00%	600,000	$1	No change
A/B/I-LOC#5299624	0.00%	1,000,000	$1	No change
LOC5299934	0.00%	395,000	$1	No change
ABI LN #3448746	0.00%	50,000	$0	No change
FMB LOC 5814715	0.00%	500,000	$0	No change

Other holdings (3): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)

Security	Class	Shares / Principal	Value	Change
MORGAN STANLEY 4.431 1/23/30	Fixed Income · principal	735,000	$729K	No change
INGERSOLL RAND 5.314 6/15/31	Fixed Income · principal	425,000	$434K	Reduce -5.6%
MORGAN STANLEY BANK 4.800 DUE	Fixed Income · principal	75,000	$75K	No change

Total filed on the 13F, all lines: $2.8B.

Portfolio Sells Q1 2026 → Q2 2026


FMPW INST MONEY	Reduce -2.7%	6.21%	−0.68
HON Honeywell International Inc.	Sold out	0.00%	−0.45
FTRLX Fed Herm TTL RTRN BND-R6	Reduce -1.1%	3.33%	−0.31
BSV Vanguard Short-Term Bond ETF	Reduce -1.3%	2.39%	−0.24
WMT Walmart Inc.	Reduce -15.2%	0.59%	−0.23
NEE Nextera Energy Inc.	Reduce -56.1%	0.13%	−0.20
VBIRX Vanguard S/T BND Indx-Adm	Reduce -8.7%	0.99%	−0.19
FGTXX Gldmn SCHS Fin SQ GV-FST	Reduce -52.3%	0.14%	−0.18
COST Costco Wholesale Corp.	Reduce -15.1%	0.47%	−0.17
JNJ Johnson & Johnson	Reduce -23.9%	0.44%	−0.16
ACN Accenture PLC Class A	Reduce -5.9%	0.18%	−0.15
AGG iShares Core U.S. Aggregate	Reduce -3.8%	1.07%	−0.14
DODIX Dodge & Cox Income-I	Reduce -14.1%	0.44%	−0.12
BIV Vanguard Intermediate-Term B	Reduce -2.8%	0.79%	−0.09
XOM Exxon Mobil Corp.	Reduce -1.5%	0.26%	−0.09
ZTS Zoetis Inc.	Sold out	0.00%	−0.09
VBTLX Vanguard TTL BD MKT Idx-Adm	Reduce -6.6%	0.54%	−0.09
VFSUX Vanguard S/T Invest GRD-Adm	Reduce -9.8%	0.42%	−0.09
LOW Lowe's Cos Inc.	Reduce -1.3%	0.48%	−0.08
GVI iShares Intermediate Governm	Reduce -80.7%	0.02%	−0.08
BAESY Bae Systems PLC -Spon ADR	Reduce -2.5%	0.23%	−0.07
COP Conocophillips	Reduce -0.5%	0.17%	−0.07
MCD McDonald's Corp.	Reduce -0.9%	0.24%	−0.06
EOG EOG Resources Inc.	Reduce -2.8%	0.26%	−0.06
GSY Invesco Ultra Short Duration	Reduce -4.9%	0.41%	−0.06
META Meta Platforms Inc. Class A	Reduce -0.9%	0.44%	−0.05
CPRT Copart Inc.	Reduce -3.5%	0.13%	−0.04
SPGI S&P Global Inc.	Reduce -1.4%	0.28%	−0.04
BLK BlackRock Inc.	Reduce -1.9%	0.38%	−0.04
LIN Linde PLC	Reduce -6.8%	0.35%	−0.04
XLE SS Energy Select Sector	Reduce -4.0%	0.12%	−0.04
ORLY O'reilly Automotive Inc.	Reduce -1.6%	0.35%	−0.03
ABT Abbott Laboratories	Reduce -2.7%	0.13%	−0.03
NOW ServiceNow Inc.	Reduce -4.5%	0.17%	−0.03
XLB SS Materials Select Sector	Reduce -11.4%	0.15%	−0.03
BRO Brown & Brown Inc.	Reduce -4.3%	0.20%	−0.03
SAP Sap SE-Sponsored ADR	Reduce -12.5%	0.07%	−0.03
CB Chubb Ltd.	Reduce -2.0%	0.49%	−0.03
DHR Danaher Corp.	Reduce -3.7%	0.22%	−0.03
XLP SS Consumer Staples Sel Sect	Reduce -4.5%	0.20%	−0.02
FUAMX Fidelty Intrm Trsry BND Indx	Reduce -11.1%	0.10%	−0.02
DIS The Walt Disney Co.	Reduce -7.3%	0.12%	−0.02
SCHD Schwab US DVD Equity ETF	Reduce -3.3%	0.22%	−0.02
VVIAX VNGD Mrgstr Value Idx FD-Adm	Reduce -7.0%	0.38%	−0.02
VFIDX Vanguard I/T Invest GRD-Adm	Reduce -0.6%	0.20%	−0.02
IJH iShares Core S&P Midcap ETF	Reduce -13.4%	0.18%	−0.02
ADP Automatic Data Processing	Reduce -13.9%	0.12%	−0.02
VSGDX VNGD SHT-TM Govt Sec Act-Adm	Reduce -8.0%	0.07%	−0.01
AWK American Water Works Co. Inc.	Reduce -19.6%	0.03%	−0.01
MDY State Street SPDR S&P Midcap	Reduce -8.7%	0.35%	−0.01

Portfolio Buys Q1 2026 → Q2 2026


LLY Eli Lilly & Co.	Add +0.5%	2.13%	+0.37
VGT Vanguard Info Tech ETF	Add +5.6%	1.40%	+0.35
ETN Eaton Corp. PLC	Add +541.7%	0.19%	+0.16
IVW iShares S&P 500 Growth ETF	Add +0.5%	1.24%	+0.14
V Visa Inc. Class A	Add +12.4%	0.84%	+0.13
VOO Vanguard S&P 500 ETF	Add +2.7%	1.52%	+0.13
CAT Caterpillar Inc.	Add +3.0%	0.39%	+0.12
JPM JPMorgan Chase & Co.	Add +9.9%	1.00%	+0.12
XLK SS Technology Select Sector	Add +0.5%	0.46%	+0.11
VMLUX Vanguard Ltd. TRM T/E-Adm	Add +41.6%	0.45%	+0.11
WCMEX WCM Focus Emrg MRKT-Inst	Add +2.5%	0.63%	+0.10
CMI Cummins Inc.	Add +8.9%	0.37%	+0.09
INTC Intel Corp.	Add +55.1%	0.11%	+0.09
VWIUX Vanguard I/T Tax Exmpt-Adm	Add +19.3%	0.78%	+0.08
UNP Union Pacific Corp.	Add +222.8%	0.11%	+0.08
JMGRX Janus Hndrsn Enterprise-I	Add +0.3%	1.06%	+0.08
AVUV Avantis US Small Cap Value	Add +5.0%	0.87%	+0.08
CSCO Cisco Systems Inc.	Add +0.0%	0.26%	+0.08
VWILX Vanguard Intl Growth-Adm	Add +4.5%	0.98%	+0.07
MFAIX Msif International Adv-I	Add +5.2%	0.73%	+0.06
ABBV Abbvie Inc.	Add +5.5%	0.52%	+0.06
MVCKX MFS Mid Cap Value Fund-R5	Add +1.4%	0.93%	+0.04
IEMG iShares Core MSCI Emerging	Add +4.2%	0.31%	+0.04
IWP iShares Russell Mid-Cap Grow	Add +3.2%	0.35%	+0.03
GLW Corning Inc.	Add +1.5%	0.06%	+0.03
PZIEX Pzena Emerg MKTS Val-Inst	Add +7.6%	0.98%	+0.02
IWS iShares Russell Mid-Cap Valu	Add +6.4%	0.22%	+0.02
VPMAX Vanguard Primecap Fund-Adm	Add +9.3%	0.08%	+0.02
AMD Advanced Micro Devices	New	0.02%	+0.02
VB Vanguard Most SM-Cap ETF-Usd	Add +3.4%	0.20%	+0.02
EEM iShares MSCI Emerging Market	Add +9.4%	0.10%	+0.02
IVE iShares S&P 500 Value ETF	Add +2.9%	0.71%	+0.02
IEFA iShares Core MSCI Eafe ETF	Add +3.6%	0.66%	+0.01
CNI Canadian Natl Railway Co.	Add +63.9%	0.03%	+0.01
MRVL Marvell Technology Inc.	New	0.01%	+0.01
AMAT Applied Materials Inc.	New	0.01%	+0.01
CFR Cullen/Frost Bankers Inc.	Add +1.1%	0.21%	+0.01
TWLO Twilio Inc. Class A	New	0.01%	+0.01
VEA Vanguard Ftse Developed ETF	Add +24.0%	0.05%	+0.01
KLAC KLA Corp.	New	0.01%	+0.01
CVS CVS Health Corp.	Add +68.8%	0.02%	+0.01
NSRGY Nestle SA-Spons ADR	New	0.01%	+0.01
VO Vngrd Mrngstr MD-Cap ETF-Usd	Add +0.7%	0.22%	+0.01
XLI SS Industrial Select Sector	Add +0.2%	0.16%	+0.01
VEXAX Vanguard Ext MKT Indx-Adm	Add +7.5%	0.06%	+0.01
VTIAX Vanguard TTL Int St Idx-Adm	Add +17.8%	0.05%	+0.01
PWR Quanta Services Inc.	New	0.01%	+0.01
ITOT iShares Core S&P Total U.S.	New	0.01%	+0.01
KEY Keycorp	New	0.01%	+0.01
LUBAX Lord Abbtt Ultr SHRT BND-A	New	0.01%	+0.01

Notes & Other Activity Q1 2026 → Q2 2026


INGERSOLL RAND 5.314 6/15/31	Fixed Income · principal	Reduce -5.6%	425,000	$434K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	358	$2.8B	FMPW INST MONEY, VFIAX, SRBRX, FTRLX, VIMAX
Q1 2026	356	$2.6B	FMPW INST MONEY, VFIAX, SRBRX, FTRLX, BSV
Q4 2025	367	$2.7B	FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX
Q3 2025	370	$2.7B	FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX
Q2 2025	368	$2.6B	FMPW INST MONEY, VFIAX, FTRLX, SRBRX, VIMAX
Q1 2025	374	$2.5B	FMPW INST MONEY, VFIAX, FTRLX, SRBRX, BSV
Q4 2024	398	$2.6B	FMPW INST MONEY, VFIAX, FTRLX, SRBRX, AGG
Q3 2024	396	$2.6B	FMPW INST MONEY, VFIAX, SRBRX, FTRLX, AGG
Q2 2024	372	$2.5B	FMPW INST MONEY, VFIAX, SRBRX, FTRLX, AGG
Q1 2024	215	$1.3B	AGG, MSFT, AAPL, LLY, IJR